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Strategies & Market Trends : 2003 Canadian Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: 1st.mate who wrote (450)	3/11/2003 5:05:56 PM
From: Al Collard	Respond to of 790

SWG-t...in the news: Kaiser says hold Southwestern for next Boka results Tue 11 Mar 2003 In the News John Kaiser, writing in a Monday, March 10, Bottom-Fish Tracker, says Southwestern Resources shares (then $16.60) traded as high as $17.16 following good assay results Friday, but questions remain about the geology of Boka. Mr. Kaiser recommended the stock in December, 1999, at $4.50. He says that because of those questions, the stock is a "Spec Cycle Hold 75%." The results were for a single drill hole, B02-01, which yielded a weighted average of 2.9 grams per tonne gold over 116.45 metres. The letter writer says that Southwestern's refusal to make core logs and metre interval breakdowns available for drill holes while giving them for the earlier tunnel panel samples is "rather lame" and some analysts are viewing this as a red flag. However, according to chief executive officer John Paterson, the grade variation mirrors that of some of the tunnels for which detailed one-metre panel samples were previously reported. SWG gets the benefit of the doubt. "I am thus inclined to believe that the entire stratigraphic unit is mineralized and that systematic drilling will eventually outline a large deposit ranging 3-6 g/t and containing bonanza zones," he says.